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Pediatrix buys Florida pediatric cardiology firm



By AP
09 June 2008 @ 03:00 pm EST

FORT LAUDERDALE, Fla. - Pediatrix Medical Group Inc. said Monday it acquired Pediatric Cardiology Associates, a pediatric cardiology practice that serves patients in western and central Florida, for undisclosed terms.

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Pediatric Cardiology Associates, which consists of 11 pediatric cardiologists and more than 70 clinical and non-clinical support staff, diagnoses and treats congenital heart conditions.

Pediatrix Medical expects the purchase to add to its earnings per share immediately.

Shares of the company declined $1.24 to $52.40 in afternoon trading.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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